RAAM makes sixth amendment to exchange offering and consent solicitation

RAAM Global Energy Co. has made certain amendments to its offer to exchange any and all of its outstanding 12.50% senior secured notes due 2015 held by eligible holders for newly issued 12.50% senior secured notes due 2019 to be issued by RAAM and shares of RAAM's common stock, $0.01 par value per share.

Concurrently with the exchange offer, RAAM is soliciting consents from holders of the existing notes to certain proposed amendments to the indenture governing the existing notes. RAAM is amending the terms of the exchange offer and consent solicitation as follows: RAAM has extended the expiration date for both the exchange offer and consent solicitation to 11:59 p.m., New York City Time, on Aug. 13, unless extended by RAAM. Withdrawal rights under the exchange offer will be extended to 5 p.m., New York City Time, on Aug. 13.

The exchange offer and consent solicitation, as amended, were scheduled to expire at 11:59 p.m., New York City Time, on Aug. 6. As of 5 p.m., New York City Time, on Aug. 6, approximately $226.6 million principal amount of existing notes representing approximately 95.2% of the outstanding principal amount of the existing notes had been validly tendered and not withdrawn in the exchange offer.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...